💎 BAT's recent market performance has been impressive. After a strong bounce from its support area, there's a real possibility it could continue its upward trajectory and retest the strong resistance area, potentially breaking through it.
However, should BAT struggle to ascend soon, it might retreat back to its support area, necessitating a new buildup of momentum. If BAT returns to this support zone, maintaining its level will be crucial. A failure to hold above the support could lead to a downturn, sending BAT towards the critical demand area of $0.196.
This demand zone is pivotal for BAT's market trajectory. A breach below this level could signify a shift to a bearish trend, leading to further declines. On the other hand, if BAT manages to hold within this area and demonstrates a strong recovery or bounce, it will need to reclaim its position above the support level to resume its upward movement.
However, should BAT struggle to ascend soon, it might retreat back to its support area, necessitating a new buildup of momentum. If BAT returns to this support zone, maintaining its level will be crucial. A failure to hold above the support could lead to a downturn, sending BAT towards the critical demand area of $0.196.
This demand zone is pivotal for BAT's market trajectory. A breach below this level could signify a shift to a bearish trend, leading to further declines. On the other hand, if BAT manages to hold within this area and demonstrates a strong recovery or bounce, it will need to reclaim its position above the support level to resume its upward movement.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Want to trade like a PRO without the 15+ year learning curve?
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
🫳Steal the edge - follow seasoned team of traders at mycryptoparadise.com (FREE)
✅🎖️Or go full throttle with PRO strategy + killer entry/exit signals - t.me/MCPsupportbot
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.